In This Article:
ShaMaran Petroleum (CVE:SNM) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$29.4m (up 133% from 3Q 2023).
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Net income: US$75.1m (up from US$8.20m loss in 3Q 2023).
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EPS: US$0.03 (up from US$0.003 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ShaMaran Petroleum EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 6.3% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for ShaMaran Petroleum (1 is a bit unpleasant!) that you need to be mindful of.
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